Minor fire at Port Harcourt refining company (PHRC) put out This morning, 01/01/2022, a minor fire incidence occurred at the Port Harcourt Refining Company (PHRC) . The incident, which was contained in less than two hours was caused by a…
Crude oil futures dipped in mid-morning trade in Asia on Friday December 31 as investors booked year-end profits after a multi-day rally that pushed prices to highs not seen in five weeks. March Brent futures contract was down 89 cents/b…
The Kano Electricity Distribution Company (KEDCO), has assured all its customers of improved service delivery and better customer experience in 2022. This is contained in a statement issued to newsmen by the Head Corporate Communication of KEDCO, Ibrahim Sani-Shawai, on…
Russian President Vladimir Putin has noted that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports. Putin announced for the first time the second stretch of the 1,200+km pipeline has been filled…
The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and…
The Parliament of Guyana, where more than 10 billion barrels of oil equivalents have been discovered over the past half-decade, voted this week to amend its Natural Resource Fund (NRF) Act that will govern a sovereign wealth fund managing the…
Chinese authorities have asked that state companies reduce their energy consumption and carbon dioxide emissions by 2025 compared to 2020 levels as part of China’s plan to have its CO2 emissions peak before the end of this decade. State-controlled firms…
The number of metered customers has increased by 17.7 percent to 4,772,906 in September 2021, from 4,053,403, recorded in the corresponding period of 2020. This according Q1 to the Nigerian Electricity Regulatory Commission, NERC. In its Key Operational & Financial…
Indian state firm Oil and Natural Gas Corporation (ONGC) plans to raise fourfold its exploration and production acreage by 2025. The India’s petroleum minister said on Thursday, as the world’s third-biggest oil importer looks to reduce its large dependence on…
Crude oil production in the United States could increase by close to 1 million bpd next year, according to IHS Markit’s Daniel Yergin. Speaking this week, Yergin said that “The U.S. is back. For the last year, year and a…
